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If PAYGO on tax cuts were in force, however, the likely result would be massive tax increases, as the Bush tax cuts of 2001 and 2003-including the elimination of the estate tax-expire onschedule.
PAYGO is the wrong answer to runaway spending and budget deficits.
Making sure that the pay-as-you-go (PAYGO) budget enforcementmechanism does not cause tax increases should be the centralconcern of conferees.